Bankruptcy Chapter 13 in Texas
Is your family struggling to make ends meet? Are you exhausted from trying to keep up with your debts while dealing with persistent credit harassment? If you feel like your debt has taken over every aspect of your life, filing for Chapter 13 bankruptcy in Texas can put you back in charge.
Chapter 13 enables you to pay back about 10% of your existing debts through a 3-to-5-year plan. Instead of trying to stretch each paycheck to cover debts to multiple creditors, you’ll make one payment each month to a court-appointed trustee until your Ch. 13 plan is complete.
Call or text DebtStoppers today at 469-646-0750 to request a free debt evaluation with one of our talented Dallas Fort-Worth attorneys. We will review your financial situation and help you determine if bankruptcy is the best solution for your family’s money problems.
Chapter 13 Laws and Requirements
Bankruptcy rules place limitations on who can file. In order to qualify, you’ll have to attend financial counseling sessions with an approved credit counselor. You must also participate in a debtor education class. Your DebtStoppers attorney can make all of the arrangements for your mandatory education and counseling.
Filing for Chapter 13 in Texas
To initiate the filing process, your attorney will submit a bankruptcy petition to the Texas district court closest to you. As soon as your forms are submitted, the court will grant you an automatic stay the prohibits your creditors from engaging in collection activities such as:
- Wage garnishment to collect IRS debt
- Filing a lawsuit
- Collection calls and letters
The Cost of Filing for Chapter 13 in Texas
While attorney fees will vary between cases, our rates are among the most reasonable in Texas. Affordable payment plans are always available. To initiate the proceedings, .the court will also charge you a $310 filing fee when you submit your petition.
The Means Test and Income Limits
To file Chapter 7, you have to pass the "means test" to qualify. The means test evaluates both your household and disposable incomes to see if you have other means besides bankruptcy for the repayment of debt. If your income is too high, you won’t be allowed to file Chapter 7.
On the other hand, the law does not place any income limits on who can file Chapter 13. This means you can be eligible for this type of bankruptcy, no matter how much money you make.
DebtStoppers has helped thousands of hardworking families file back control of their life and move on with a fresh start. Let us show you how one of our custom debt elimination plans can turn your life around. Call or text us today at 469-646-0750 to schedule a free consultation with one of our experienced Texas attorneys. Let us help you and your family find financial freedom!
Don’t let debt control your life! DebtStoppers can help you get out of debt, once and for all. Request a no-obligation case review with one of our skilled Texas lawyers to learn more about your debt relief options. Just give us a call or send us a text at 469-646-0750 to get started today!